Senegal recorded a trade deficit of 217.40 CFA Franc Billion in November of 2019.

Balance of Trade in Senegal averaged -143.47 CFA Franc Billion from 2009 until 2019, reaching an all time high of -27.93 CFA Franc Billion in February of 2011 and a record low of -259.80 CFA Franc Billion in July of 2019. This page provides - Senegal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Senegal is expected to be -90.00 CFA Franc Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Senegal to stand at -185.00 in 12 months time. In the long-term, the Senegal Balance of Trade is projected to trend around -185.00 CFA Franc Billion in 2020, according to our econometric models.


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Senegal Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-217.40 -198.60 -27.93 -259.80 2009 - 2019 CFA Franc Billion Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 02:10 PM Aug CFA -183.7M CFA -259.8M CFA -200B
2019-11-18 10:05 AM Sep CFA -199.9M CFA -183.7M CFA -242B
2019-12-13 02:00 PM Oct CFA -198.6M CFA -199.9M CFA -250B
2020-01-17 10:00 AM Nov CFA -217M CFA -198.6M CFA -140B
2020-03-18 12:00 AM Jan CFA -120B


News Stream
2019-03-18
Senegal Trade Gap Narrows in January
Senegal's trade deficit shrank to CFA 123.6 billion in January of 2019 from CFA 236.9 billion in the same month a year ago. Exports grew 48.5 percent to CFA 180.9 billion, mainly boosted by sales of phosphoric acid (155.1%); peanuts (1375.5%); non-monetary gold (40.9%); fresh fish (18.7%) and crustaceans & molluscs (137.4%). Main export partners were India (13.3% of total shipments), Mali (13.1%), Switzerland (12.4%), China (11.8%), Spain (4%) and France (3.9%). Meanwhile, imports fell 15.1 percent to CFA 304.5 billion, namely dragged down by lower purchases of rice (-33.2%); artificial plastic materials (-17.4%) and machines and apparatus for other industries (-34.2%). The most important import partners were France (17.2% of total imports), China (14.3%), Luxembourg (5.6%), India (5.1%), the Netherlands (4.6%) and Turkey (4.1%).

2019-02-21
Senegal Trade Gap Narrows in December
Senegal's trade deficit decreased to CFA 199.3 billion in December of 2018 from CFA 210.5 billion in the same month a year ago. Exports climbed 76.5 percent to CFA 179.3 billion, amid a surge in shipments of food, beverages & tobacco (66.1%), of which peanuts (50,360%) and fresh fish (57.7%); raw materials of animal and vegetable origin (349.6%) and energy & lubricants (219.6%), namely petroleum products (219.8%). Main export partners were Switzerland (40.2% of total sales), China (7.6%), Mali (7.3%), Ivory Coast (4.1%) and Gambia (3.8%). Meantime, imports grew 21.3 percent to CFA 378.6 billion, mainly boosted by purchases of energy & lubricants (126.9%), such as oil (181.7%) and other petroleum products (68.3%). The most important import partners were Nigeria (25.6% of total purchases), France (11.5%), China (10%), Belgium (7.4%) and the Netherlands (5%).


Senegal Balance of Trade
Senegal’s growing mineral production has not been able yet to reverse a systemic trade deficit. Senegal is a net exporter of oil, phosphate, gold and fish. However, the country is dependent on the import of fuels, foodstuffs and capital equipment. Senegal’s main trading partners are: Cote d’Ivoire, Mali, France and the United States..

Senegal Trade Last Previous Highest Lowest Unit
Balance of Trade -217.40 -198.60 -27.93 -259.80 CFA Franc Billion [+]
Current Account -1779.70 -1544.50 -81.70 -1779.70 XOF Billion [+]
Current Account to GDP -6.90 -7.30 -4.20 -20.10 percent [+]
Exports 127.80 171.10 203.30 53.19 CFA Franc Billion [+]
Imports 345.20 369.70 524.40 114.49 CFA Franc Billion [+]
Capital Flows -1063.10 -719.50 1851.70 -1063.10 XOF Billion [+]
Terms Of Trade 126.40 124.90 141.90 -550.00 points [+]
Terrorism Index 1.19 1.01 3.88 0.04 [+]